Senior Associate – EMEA EQD Reconciliation

May 13, 2024

Senior Associate – EMEA EQD Reconciliation


  • Standard / Permanent
  • IN-KA-Bangalore
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Job Description – Reconciliations & Control

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

 BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Businessline/Function :

Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope

Job Title:

Senior Associate




COCE Product Control



Business Line / Function:

COCE Product Control – Reconciliation & Controls Team (EMEA/NY)

Reports to:




(if applicable)




Number of Direct Reports:


Directorship / Registration:


Position Purpose

Primary responsibilities of the team is:

1.       To perform trade validation for all daily Cash Equities booking and facilitate the downstream feeding for Settlement

2.       To perform as an independent control team to strengthen all the control within Global Market Operations

3.       To monitor HK traders short sell position and highlight positions accurately to ensure its funded in timely manner to avoid financial losses

4.       Perform Control reports and activities identifying trading violations on restricted currencies and Technical counterparties activities

5.       To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.

The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.

Main drivers are client service quality, independent control, operational risk safety and cost efficiency.


Direct Responsibilities

Position guarantee –

Has the responsibility make sure positions are in line & guarantee that positions in booking systems are correct.

Is the reference for position validation for P&L, Process & IT teams for migrations or rebooking & at any time for trade support, front office, & back office

Team is in charge of position controls & uses all the reconciliations tools available.

The reconciliation is exhaustive & done on a daily basis.

Assigned reports must be checked & analyzed every day.


Accountable for end-to-end transaction management lifecycle for their respective client coverage.

Trade capture, settlement exceptions and cash management.

Collaborate with various internal teams, such as trade processing, pre-matching, settlement and margin to process transactions and resolve any exceptions on a timely manner.

Respond and resolve client inquiries on a timely manner.

Perform root cause analysis for respective clients in order to increase straight through process flows.

Establish and maintain relationships with high profile hedge fund clients.

Work as part of the global team performing follow the sun hand offs to ensure a smooth global coverage for global clients.

Partner with account management teams to help on changing client behaviours where required to smother processes.

Collaborate with technology/support team to help identify internal and external facing technology improvement opportunities.

Deep understanding of UK client asset protection (CASS) and AMF custody rules (derived from MiFID).

Contribute in all control plan protocols according to the local operational risk policies.

The resource will be allocated to one of the areas of operation, high-level described below, although to be cross-trained end-to-end at one point of resource’s mandate.

Break Analysis – Senior Associate is responsible for

Making sure completion of assigned tasks of breaks, Communicating the breaks as soon as possible to the related teams (trade support, FO, BO) for action/correction

Providing a complete, detailed & pertinent analysis to let the trade support immediately do the appropriate action/correction.

Trade Validation : Listed Securities & OTC Vanillas

Listed Securities

Monitoring & management of the task assigned in FO to BO trades for Asian listed stocks, warrants & bonds

Reducing lead time & improve the responsiveness for break analysis & the related actions with Trading /other FOS teams

Should be single point of contact for task assigned with regards to Operational breaks & position controls

Tasks embedded to fulfill those objectives

Broker Confirmations checking within the day

Trade reconciliation in Fire & Calypso on T / Report & fix breaks with Trading & FOS teams

Validation of Fire reconciliation & Feeding into Calypso – Exceptions management

Perform Breaks Validation in Intellimatch// Analysis & follow up.

OTC Vanillas

Checking all OTC vanilla options trades are integrated in FO systems & validate on T

Ensuring all SWS trades are booked in FO system & are consistent

Reconciliations Improvements – 

Is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.

Making the reconciliation tools evolve to fulfill with production needs –> new systems, new products, and specific request from trade support.

Extending the global area of reconciliations in order to reduce operational risk where applicable.

Implementing/enhancing reconciliation tools to fit with trade support needs.

Transversal involvement – 

Is in charge of all reconciliation assigned & is indeed involved in the process

Ensure all the STP process in place are performed efficiently & effectively in a timely manner.

Take Initiatives, communicate with BO & other PCA sites on the enhancement & development of new products STP process

Completion of ORUS on Daily basis

Technical & Behavioral Competencies

Technical Knowledge

  • Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.

Skills and competencies

  • Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
  • Organized & good resistance to stress: Excellent time management and good positive resistance to stress are compulsory.
  • Attention to detail: Escalate in timely manner, highlight any abnormalities
  • Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes & suggest innovative ideas.
  • Self-discipline & autonomy: Have a constant “delivery on time” mindset, on the daily production.
  • Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage…) as this is a constant changing environment
  • Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
  • Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.

Specific Qualifications (if required)

  • Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
  • Strong Equity derivatives products knowledge including the F2B workflows and the product event management.

Skills Referential

Behavioural Skills:

Creativity & Innovation / Problem solving

Attention to detail / rigor

Client focused

Ability to collaborate / Teamwork

Transversal Skills:

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to manage a project

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 years

Other/Specific Qualifications (if required)


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